Soft Drink Volume, Dollar Help Lift Coca-Cola Profit
Coca-Cola Co. said its first-quarter profit rose 15% as its worldwide soft drink volume grew, its entertainment business improved and the falling dollar helped conversion of foreign results.
Coca-Cola reported net income of $185 million in the first three months of the year, up from $161 million a year earlier.
First-quarter revenue rose 9.3% to $1.9 billion, from $1.7 billion last year.
Roberto C. Goizueta, chairman and chief executive of the Atlanta-based firm, noted that pretax operating income was up nearly 27%, to $324 million.
Coca-Cola said its worldwide soft drink volume rose 10% in the quarter compared to a year ago.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
